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XRP will reach $100 (Poll)


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XRP will reach $100 (Poll)

XRP Community Demographics Poll 2020

View poll results here: https://stedas.hr/xrp-community-poll-2020.html

The largest and most comprehensive poll ever conducted in the XRP community

  • 30 polls
  • 1000+ community members participated in this poll
  • 5 main categories (Demographics, Investing-trading, Price predictions, Exit strategy, Favorite members (Ripple, community researchers), Miscellaneous
  • Date: Oct 2020

 

XRP Community Poll takeaways

  • Over 72% of all investors believe that XRP will reach $100 someday 
  • over 50% people will never sell all XRP they have 
  • 89% of men participated (but only 11% of women)
  • the main reason people invested in XRP (68%) is that they want to get rich
  • the majority of people (over 50%) have 10K - 50K XRP
  • over 40% of participants invested only in XRP (100% in their crypto portfolio)
  • 30% of participants think XRP will be over $5 by the end of 2020 (almost one third) 
  • over 65% of participants hold their crypto on a hardware wallet (Ledger Nano)
  • David Schwartz is still the most popular Ripple's employee
  • 55% of people are in profit since investing/trading in crypto

 

Large image (source): https://www.stedas.hr/pics/jpg/XRP-Community-Poll-2020-final.jpg

 

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Poll sources:

https://twitter.com/stedas/status/1312807348549939201
https://twitter.com/stedas/status/1314637299913760769
https://twitter.com/stedas/status/1312119218297479172
https://twitter.com/stedas/status/1314847512931557377
https://twitter.com/stedas/status/1314664923713220611
https://twitter.com/stedas/status/1313415256488792069
https://twitter.com/stedas/status/1314649462019624961
https://twitter.com/stedas/status/1314666838324903936

 

XRP-Community-Poll-2020-intro.jpg

XRP-Community-Poll-2020-final.jpg

Edited by Stedas
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  • Stedas changed the title to XRP will reach $100 (Poll)

In a way the projected expected value is the least interesting finding.

The other things are more interesting

50% will never sell all their XRP - that has important ramifications because XRP is being stored never to be released, this is will a big effect on price when the tokens start to get used in large numbers, there will be shortages and the shortages will stimulate hoarding.  XRP will shoot

40% have invested just in XRP.  That is a big proportion.  XRP has its own community that is very distinct from BTC

I am not surprised by either of these findings.  In many ways they reflect my attitude, but i would never put a prediction on how high XRP will go or how fast. 

Edited by Julian_Williams
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Interesting numbers and great effort collecting all that data! Thank you for that. 

With some metrics I do think numbers change when price changes or time develops but overall current investors are positive. 

Point is ofcourse for a bullrun to happen we need to catch those who are not positive or currently interested in XRP. 

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2 hours ago, Julian_Williams said:

50% will never sell all their XRP - that has important ramifications because XRP is being stored never to be released, this is will a big effect on price when the tokens start to get used in large numbers, there will be shortages and the shortages will stimulate hoarding.  XRP will shoot

After seeing BTC go up 10000x you might just want to keep the last 10% of your stack forever :D 

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